It started out as your typical story; a woman has five kids and a husband that doesn’t contribute much at all. She finds herself in a position where she used to have flawless credit and now couldn’t get a credit card to save her life. Literally, week to week she is robbing Peter to pay Paul. A constant hustle to survive and the sad fact is that she works for a large corporation and has an executive position. But believe it or not, people who make decent money can still live paycheck to paycheck.

So, she remembers seeing all of those attractive advertisements for Online Payday Loans and since she in yet another pinch, decides to check it out and see what it is all about. Within minutes she is approved to receive $400. That was good enough to solve her short term problem so she accepted and was happy, for the moment. Seeing how easy that was, she decided a few days later to try another Online Payday Loan Company and again she was accepted within minutes for another $400. I recall her telling me that she had to pay back the loan plus an additional $75. She, at that point felt that she was getting a good deal, only $75 for a two week loan.

Of course, her financial situation surely did not improve during that two weeks so she ended up rolling over both loans to the tune of $150 combined for another two weeks. She never spoke a word of this to her husband because it was just easier not to and he had been blaming her for their financial ruins already. Two weeks later, another rollover, and two weeks after that, yet another. Now her bills are due again and she is literally backed into a corner so she does the unspeakable, she ignores them and doesn’t pay anything. In the meantime her bank account had been closed due to continuous NSF charges and being in a deficit for too long.

She did not ignore them intentionally; she just found herself in the same situation that many other people find themselves in after using an Online Payday Loan Company. She has maxed herself out and while continuing to pay on these high interest loans, she is unable to meet her other obligations. So, she chooses to avoid the entire situation. What people fail to think about is that these Online Payday Loan Companies specialize in high risk customers, they are well aware of the fact that you were desperate and that is why you sought out their service in the first place. They knew that she was going to roll over her loan several times, and on average most people will roll them over anywhere between 6-12 times.

I ended up contacting the Online Payday Loan Companies for her in a valid attempt to solve this problem but they are a step ahead of you because they give you a set deadline to keep your commitment and pay off your now past due loan or they will go to the police station and file a report resulting in a bench warrant for your arrest. That is where we stand now with this woman. Today they issued a bench warrant for her arrest for failure to comply with her commitment. She still knows no one who can loan her about $1,000 now, to get out of this mess, which is what it will cost to cover both Online Payday Loan Companies. In the end, she will pay three times more than she ever borrowed to get out of this legal jam. The really sad news is that she has never even had a ticket before in her life ad now she has a warrant for her arrest.